Welcome to our dedicated page for STEAKHOLDER FOODS news (Ticker: STKH), a resource for investors and traders seeking the latest updates and insights on STEAKHOLDER FOODS stock.
Steakholder Foods Ltd. reports developments tied to its alternative-protein production technology and its Nasdaq-listed American depositary shares. The company develops and sells 3D-printing production machines supported by proprietary premix blends for structured meat and seafood alternatives, including applications that replicate textures such as beef steak, white fish, shrimp and eel.
Recurring news themes include intellectual-property updates for the HD144 fish printer and DLS® drop-on-demand printing technology, commercialization and collaboration activity, shareholder voting matters, ADS ratio and capital-structure actions, and governance updates. Following the completed acquisition of Twine Solutions Ltd., company disclosures also include digital thread and yarn dyeing systems and related textile-technology activity.
Steakholder Foods (Nasdaq: STKH) reported H1 2024 financial results and provided a business update, marking its transition from R&D to commercialization. The company secured four strategic deals in H1 2024, including partnerships with Wyler Farm, ITRI, Sherry Herring, and Premazon. These deals are expected to generate the company's first recurring revenue stream by late 2024 or early 2025.
Key financial highlights include:
- R&D expenses decreased by 54% to $1.6 million
- Marketing expenses reduced by 56% to $0.7 million
- Net loss decreased by 53% to $4.4 million
- Cash and equivalents as of June 30, 2024, were $5.4 million
Steakholder Foods anticipates substantial recurring revenue growth in 2025 as its commercial activities expand and strategic agreements take full effect.
Steakholder Foods (Nasdaq: STKH), a leader in alternative proteins and 3D printing technologies, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference in New York City from September 9-11, 2024. CEO Arik Kaufman will represent the company, delivering a corporate presentation that will be available on-demand starting September 9th at 7:00 AM ET.
The presentation webcast will be accessible for 90 days after its release. Additionally, Steakholder Foods' management team will be available for one-on-one meetings with investors on September 11th. This event provides an opportunity for the company to showcase its innovations and connect with potential investors in the alternative protein market.
Steakholder Foods (Nasdaq: STKH), a leader in alternative proteins and 3D printing technologies, has announced a conference call scheduled for September 5, 2024, at 8:30 am Eastern Time. The call will discuss the company's financial results for the half-year ended June 30, 2024 and provide a business update. Investors can participate by dialing (877) 407-3982 from the U.S. or (201) 493-6780 internationally. A replay will be available until September 19, 2024. The webcast will be archived for 30 days on the company's Investor Relations website.
Steakholder Foods (Nasdaq: STKH), a leader in alternative proteins and 3D printing technologies, has announced its participation in the Sidoti Micro-Cap Virtual Investor Conference on August 14-15, 2024. CEO Arik Kaufman will present on August 14 at 9:15 AM ET, with the presentation accessible via webcast. The company will also host virtual one-on-one meetings with investors on the same day.
This event provides an opportunity for Steakholder Foods to showcase its innovations and engage directly with potential investors. Interested parties can register for the presentation or schedule one-on-one meetings through the Sidoti website. This conference participation underscores Steakholder Foods' commitment to investor relations and its position in the growing alternative protein market.
Steakholder Foods (Nasdaq: STKH), a leader in alternative proteins and 3D printing technologies, has submitted its 2024 Communication on Progress (CoP) report to the United Nations Global Compact (UNGC). The report covers the company's progress from January to December 2023 in integrating the UNGC's Ten Principles and Sustainable Development Goals.
Key highlights include:
- Enhanced sustainability initiatives
- Reinforced role in promoting food security
- Commitment to responsible business practices
Steakholder Foods has been a UNGC signatory since 2022, aligning its operations with principles covering human rights, labor, environment, and anti-corruption. CEO Arik Kaufman emphasized the company's dedication to sustainable innovation in the food industry.
Steakholder Foods (Nasdaq: STKH) has announced a partnership with Premazon, a frozen foods manufacturer and distributor, to launch a new line of plant-based white fish kebabs. This collaboration will utilize Steakholder Foods' proprietary SH™ - Fish premix blend and Premazon's manufacturing and distribution capabilities. The partnership is expected to generate revenue for Steakholder Foods and enhance its operations, supporting the company's market expansion plans.
Premazon will integrate Steakholder Foods' innovative blend into their product line, offering a sustainable alternative to traditional fish kebabs. The products will be distributed across Israel to hotels, restaurants, catering services, and other foodservice establishments. This agreement follows Steakholder Foods' partnerships with Wyler Farms and Sherry Herring, furthering its commercialization strategy in the alternative protein sector.
Steakholder Foods shared a letter from CEO Arik Kaufman, highlighting key achievements in H1 2024 and the strategy for H2 2024. Significant technological advancements include the Drop Location in Space (DLS) and Fused Paste Layering (FPL) technologies, enhancing their SHMEAT™ and SHFISH™ product lines. Essential partnerships were formed with Wyler Farm, ITRI, and Sherry Herring, aimed at commercializing 3D-printed meats and plant-based foods. The agreement with Wyler Farm, established in May, is expected to generate near-term revenue streams in H2 2024. The partnership with ITRI focuses on Taiwanese cuisine, while the collaboration with Sherry Herring will introduce vegan fish salads leveraging Steakholder’s SHFISH™ premixes. Moving forward, the company aims to secure more commercial deals, expand market reach, and launch new product applications.
Steakholder Foods announced a new strategic partnership with Sherry Herring to launch a line of vegan fish salads. The salads will be made with Steakholder's proprietary SHFISH™ premix blends and will be introduced through Sherry Herring's established distribution network. This collaboration aims to expand Steakholder Foods' geographic footprint, customer base, and product lineup. The new vegan fish salads are designed to mimic the taste, texture, and nutritional profile of traditional fish salads. The partnership leverages Sherry Herring's regional expertise and brand recognition to meet the growing consumer demand for sustainable and delicious plant-based options. Steakholder Foods' Culinary Director, Michal Ansky, played a key role in facilitating this collaboration, which is expected to drive growth and market disruption.
Steakholder Foods and the Industrial Technology Research Institute (ITRI) have announced a strategic partnership aimed at revolutionizing Taiwanese cuisine through the use of 3D printing technology for sustainable, plant-based meat alternatives. The collaboration aims to develop and commercialize high-quality, locally-sourced meat substitutes tailored to Taiwanese taste preferences. This partnership will help reduce Taiwan's reliance on traditional meat supply chains and promote food diversity and sustainability. Steakholder Foods will sell commercial-scale 3D printers and premixes to local food companies as part of their strategy to expand across Taiwan. This initiative combines Steakholder Foods' advanced technology with ITRI's research expertise and local market understanding.
Steakholder Foods (Nasdaq: STKH), a pioneer in alternative proteins and 3D printing technologies, announced a conference call scheduled for May 21, 2024, at 8:30 am ET to discuss its fiscal year 2023 financial results and provide a business update. The financial results were previously disclosed on April 30, 2024.
Investors can join the live call by dialing (877) 407-3982 (U.S.) or (201) 493-6780 (international). A replay will be accessible until June 4, 2024, by dialing (844) 512-2921 (U.S.) or (412) 317-6671 (international), using passcode 13746634. Additionally, a live webcast will be available on the company's Investor Relations webpage and archived for 30 days.